Mn Services Vermogensbeheer B.V. Increases Stake in Mastercard Incorporated $MA

Key Points

• Mn Services Vermogensbeheer B.V. increased its Mastercard stake by 1% in the third quarter, adding 2,400 shares to reach 240,974 shares valued at approximately $132.9 million. Institutional investors collectively own 97.28% of Mastercard.
• Mastercard reported quarterly revenue of $9.28 billion and earnings of $5.04 per share, exceeding analyst expectations, while revenue grew 14.1% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $680.
• Mastercard is expanding into digital-asset payments, offline European transactions and Middle Eastern digital-commerce partnerships, while declaring a quarterly dividend of $0.87 per share, representing a 0.6% yield.

Mn Services Vermogensbeheer B.V. increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,974 shares of the credit services provider's stock after purchasing an additional 2,400 shares during the period. Mastercard makes up 1.0% of Mn Services Vermogensbeheer B.V.'s holdings, making the stock its 22nd largest position. Mn Services Vermogensbeheer B.V.'s holdings in Mastercard were worth $132,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cardano Risk Management B.V. grew its holdings in shares of Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider's stock worth $2,324,743,000 after buying an additional 3,648,748 shares in the last quarter. Fundsmith LLP bought a new stake in Mastercard in the 2nd quarter valued at approximately $639,458,000. Corient Private Wealth LP lifted its stake in Mastercard by 147.2% in the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider's stock valued at $863,969,000 after acquiring an additional 1,001,671 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Mastercard by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,111,652 shares of the credit services provider's stock worth $1,776,380,000 after acquiring an additional 733,101 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Mastercard by 295.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider's stock worth $441,702,000 after acquiring an additional 642,724 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: SoFi launched stablecoin-based card settlement on Mastercard’s network and is projecting more than $25 billion in annual volume. The initiative could strengthen Mastercard’s role in institutional digital-asset payments and create additional transaction revenue. SoFi launches stablecoin card settlement on Mastercard
• Positive Sentiment: Mastercard is expanding offline payment capabilities across Europe, allowing transactions to continue during power or network outages. The feature may improve network resilience and customer value. Mastercard offline payments in Europe
• Positive Sentiment: New collaborations in Bahrain and with gaming platform Tamatem are expanding Mastercard’s small-business, digital-commerce and gaming payment reach in the Middle East. Mastercard and stc pay Bahrain collaboration Mastercard and Tamatem gaming payments
• Positive Sentiment: Autonomous Research made only a minor reduction to its price target, to $686 from $687, while maintaining an Outperform rating. Autonomous Research Mastercard price target

Mastercard Stock Performance

Shares of MA stock opened at $574.83 on Friday. The stock has a market cap of $503.56 billion, a P/E ratio of 31.62, a P/E/G ratio of 1.63 and a beta of 0.76. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The company has a fifty day moving average price of $571.96 and a two-hundred day moving average price of $530.74. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.23.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.15 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 19.9 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard's payout ratio is currently 19.14%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Clear Str upgraded shares of Mastercard to a "strong-buy" rating in a research note on Thursday, July 16th. BMO Capital Markets increased their price objective on shares of Mastercard from $580.00 to $630.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Morgan Stanley raised their price objective on Mastercard from $679.00 to $681.00 and gave the company an "overweight" rating in a report on Friday, July 31st. TD Cowen lifted their target price on Mastercard from $664.00 to $667.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Piper Sandler upped their target price on Mastercard from $597.00 to $710.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $680.00.

Insider Buying and Selling

In related news, insider Sachin Mehra sold 7,444 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $577.13, for a total value of $4,296,155.72. Following the sale, the insider owned 40,916 shares in the company, valued at approximately $23,613,851.08. This represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Miebach sold 16,628 shares of Mastercard stock in a transaction on Friday, July 31st. The stock was sold at an average price of $567.68, for a total transaction of $9,439,383.04. Following the transaction, the chief executive officer directly owned 115,921 shares of the company's stock, valued at approximately $65,806,033.28. This trade represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 67,618 shares of company stock valued at $38,854,630. 0.09% of the stock is owned by insiders.

About Mastercard

Mastercard Incorporated NYSE: MA is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard's products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.

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